New Delhi, March 6 -- Sensex and Nifty traded higher on Thursday, tracking positive global cues after former US President Donald Trump granted a one-month exemption on new tariffs for imports from Mexico and Canada, benefiting US automakers.

Asian markets followed an overnight rally on Wall Street after Trump softened his stance on the new tariffs. Moreover, the US dollar index slipped to a four-month low of 104.3, a development seen as favourable for emerging markets like India. Meanwhile, crude oil prices plunged to a six-month low of below $70 per barrel, boosting market sentiment after the OPEC+ alliance decided to increase output from April, a move expected to benefit Indian refiners by improving marketing margins on retail fuel.

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